Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Abrdn Global Dynamic Dividend Fund (NYSE:AGD)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.19 and traded as high as $10.21. Abrdn Global Dynamic Dividend Fund shares last traded at $10.21, with a volume of 68,128 shares traded.

Abrdn Global Dynamic Dividend Fund Stock Performance

The firm has a 50 day moving average price of $10.19 and a 200-day moving average price of $10.21.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 12.93%. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AGD. Pathstone Holdings LLC increased its position in Abrdn Global Dynamic Dividend Fund by 28.5% during the 3rd quarter. Pathstone Holdings LLC now owns 408,798 shares of the company’s stock worth $4,343,000 after purchasing an additional 90,780 shares in the last quarter. Wells Fargo & Company MN increased its position in Abrdn Global Dynamic Dividend Fund by 156.8% during the 4th quarter. Wells Fargo & Company MN now owns 366,562 shares of the company’s stock worth $3,592,000 after purchasing an additional 223,821 shares in the last quarter. Guggenheim Capital LLC increased its position in Abrdn Global Dynamic Dividend Fund by 4.3% during the 4th quarter. Guggenheim Capital LLC now owns 363,456 shares of the company’s stock worth $3,562,000 after purchasing an additional 15,141 shares in the last quarter. Sit Investment Associates Inc. increased its position in Abrdn Global Dynamic Dividend Fund by 36.0% during the 4th quarter. Sit Investment Associates Inc. now owns 233,566 shares of the company’s stock worth $2,289,000 after purchasing an additional 61,764 shares in the last quarter. Finally, LPL Financial LLC increased its position in Abrdn Global Dynamic Dividend Fund by 0.9% during the 4th quarter. LPL Financial LLC now owns 168,102 shares of the company’s stock worth $1,647,000 after purchasing an additional 1,481 shares in the last quarter.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.